Paul Barritt is new Wattstor CFO
Wattstor is very happy to welcome Paul fully to the team after a period of doing consulting work for us. Paul’s experience in working with dynamic, fast growing and international companies will come in very handy. He will be responsible for running the finance and business operations of the company as we scale quickly and expand into more countries.
Paul Barritt will lead Wattstor’s Finance Department as CFO. He brings over 15 years experience at C-level as an accomplished financial strategist to the leadership team. Having previously worked in teh energy space and with Stephan, this is a perfect fit for both the business and the leadership team.
The role of Chief Financial Officer
A Chief Financial Officer (CFO) is a director-level role responsible for managing the financial aspects of a company. Their role encompasses financial planning, risk management, record-keeping, and strategic decision-making. CFOs analyze financial data to guide the organization’s fiscal strategy, including budgeting, forecasting, and long-term financial planning. They often liaise with other executives to provide insights on the financial implications of business decisions, ensuring alignment with overall goals. Risk management is a critical aspect, involving the identification and mitigation of financial risks to safeguard the company’s financial health.
CFOs oversee financial reporting, ensuring compliance with regulations and providing accurate, transparent financial statements to internal and external stakeholders. Capital allocation, optimizing the use of financial resources for maximum returns, falls within their purview. In fundraising efforts, CFOs play a crucial role in interactions with investors and financial institutions.
The CFO’s importance lies in their ability to guide the company’s financial strategy, mitigate risks, and provide a clear financial picture to stakeholders. They contribute to informed decision-making, help secure funding, and ensure financial stability, which is essential for sustainable growth and long-term success. The CFO’s strategic insights and financial acumen are integral to maintaining the financial health and viability of the organization.
Paul Barritt Wattstor CFO